Mega Bank in San Gabriel, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Mega Bank - Overview

  • General
  • FDIC Certificate #: 58401
    Status: Active
    Federal Reserve ID: 3690635
    Date Established: Febuary 05, 2008
    WWW: http://www.megabankusa.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 450814
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 05, 2008
    Last Structure Change Effective Date: July 25, 2008
    Last Structure Change Process Date: July 25, 2008
    Last Data Update: July 25, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 245 West Valley Boulevard, San Gabriel, CA 91776
    County: Los Angeles
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Los Angeles (North)
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Los Angeles-Long Beach, CA (#4480)
    Consolidated Metropolitan Statistical Area (CMSA): Los Angeles-Riverside-Orange County, CA (#49)
    Combined Statistical Area (CSA): Los Angeles-Long Beach-Riverside, CA (#348)
    Core Based Statistical Area (CBSA): Los Angeles-Long Beach-Santa Ana, CA (#31100)
    CBSA Metro Statistical Area: Los Angeles-Long Beach-Santa Ana, CA (#31100)
    Core Based Statistical Division: Los Angeles-Long Beach-Glendale, CA (#31084)
  • Financial Summary
  • Total assets: $212.5 mil
    Equity capital: $32.1 mil
    Deposits held in domestic offices: $177.8 mil
    Return on assets (ROA): 1.14% ($2.4 mil)
    Quarterly return on assets: 2.17% ($4.6 mil)
    Return on Equity (ROE): 7.36% ($2.4 mil)
    Quarterly return on equity: 13.97% ($4.5 mil)
    Net income: $2.1 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 1.08% ($2,295.1 mil)
    Quarterly Pretax return on assets: 0.74% ($1,572.6 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 35Total employees (full-time equivalent)
  • $212,507Total assets
  • $39,468Cash and due from depository institutions
  • $36,192Interest-bearing balances
  • $20,566Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $146,174Net loans & leases
  • $2,868Loan loss allowance
  • $0Trading account assets
  • $1,713Bank premises and fixed assets
  • $784Other real estate owned
  • $0Goodwill and other intangibles
  • $212,507Life insurance assets
  • $3,802All other assets
  • $180,382Total liabilities and capital
  • $177,807Total liabilities
  • $166,892Total deposits
  • $177,807Interest-bearing deposits
  • $44Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,575Subordinated debt
  • $32,125All other liabilities
  • $32,125Total equity capital
  • $32,125Total bank equity capital
  • $0Perpetual preferred stock
  • $32,123Common stock
  • $1,795Surplus
  • $-1,793Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1Income earned, not collected on loans
  • $0Earning assets
  • $586Long-term assets (5+ years)
  • $202,932Average Assets, year-to-date
  • $84,717Average Assets, quarterly
  • $182,042Volatile liabilities
  • $203,306Insider loans
  • $157,049FHLB advances
  • $208,903Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $31,907Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,614Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,917Total interest income
  • $1,814Total interest expense
  • $7,103Net interest income
  • $600Provision for loan and lease losses
  • $74Total noninterest income
  • $0Fiduciary activities
  • $28Service charges on deposit accounts
  • $0Trading account gains & fees
  • $46Additional noninterest income
  • $4,646Total noninterest expense
  • $2,632Salaries and employee benefits
  • $925Premises and equipment expense
  • $1,089Additional noninterest expense
  • $1,931Pre-tax net operating income
  • $44Securities gains (losses)
  • -$97Applicable income taxes
  • $2,072Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,072Net income attributable to bank
  • $0Net charge-offs
  • $2,072Cash dividends
  • -$10Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.13%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 4.09%Net interest margin
  • 0.04%Noninterest income to earning assets
  • 2.67%Noninterest expense to earning assets
  • 1.11%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.08%Pretax return on assets
  • 7.36%Return on equity (ROE)
  • 7.36%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -6000.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 64,735Assets per employee
  • 6.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.92%Loss allowance to noncurrent loans
  • 286800.00%Noncurrent assets plus other real estate owned to assets
  • 0.37%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 82.21%Net loans and leases to core deposits
  • 92.09%Equity capital to assets
  • 15.12%Core capital (leverage) ratio
  • 15.27%Tier 1 risk-based capital ratio
  • 20.32%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $182,042Average earning assets
  • $28,167Average equity
  • $173,768Average loans

List of branches

  • 2 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0450814Mega Bank245 West Valley Boulevard, San Gabriel, CA 91776Febuary 05, 2008Full Service Brick and Mortar
    1491631Rowland Heights Branch1370 S. Fullerton Road, #101, Rowland Heights, CA 91748July 10, 2008Full Service Brick and Mortar

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